Mentor Graphics (MENT) Tops Q2 EPS by 1c, Offers Q3 & FY17 Guidance
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Mentor Graphics Reports Fiscal Second Quarter Results
August 18, 2016 4:05 PM EDTWILSONVILLE, Ore.--(BUSINESS WIRE)-- Mentor Graphics Corporation (NASDAQ: MENT) today announced financial results for the companys fiscal second quarter ended July 31, 2016. The company reported revenues of $254 million, GAAP earnings per share of $0.03 and non-GAAP earnings per share of $0.15.
Mentors second quarter results exceeded revenue and earnings-per-share guidance, said Walden C. Rhines, chairman and CEO of Mentor Graphics. Emulation was strong this quarter, as we did business with more than 20 customers including four new logos, and reinforced our lead in networking applications. In addition, automotive products had another strong bookings quarter.
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